Reuters US Business

By Valentina Za MILAN (Reuters) -Leading governance adviser Institutional Shareholder Services (ISS) has recommended shareholders at UniCredit reject a proposed new pay package for CEO Andrea Orcel as well as the bank’s new incentive scheme. After urging UniCredit shareholders to vote against Orcel’s remuneration when he first joined in 2021, ISS last year noted his …

UniCredit shareholders urged to reject CEO Orcel’s pay rise Read More »

(Reuters) – Crypto conglomerate Digital Currency Group (DCG) is looking to find new banking partners for portfolio companies following the collapse of Silicon Valley Bank, Signature Bank and Silvergate, CoinDesk reported on Tuesday, citing messages viewed by the outlet. Santander, HSBC and Deutsche Bank are still willing to connect with crypto firms, CoinDesk said, after …

Crypto group DCG looking for new partners following SVB collapse – CoinDesk Read More »

By David Shepardson and Valerie Insinna WASHINGTON (Reuters) -Boeing Co is expected to sell nearly 80 787 Dreamliner airplanes to two Saudi Arabian airlines, a source briefed on the matter said on Monday. An announcement of the plan reported earlier by the Wall Street Journal is expected as soon as Tuesday, and the list prices …

Boeing expected to sell nearly 80 787 planes to Saudi airlines -source Read More »

By Lewis Krauskopf NEW YORK (Reuters) – A market rocked by a banking crisis faces a potential one-two punch as investors await a U.S. inflation report that could further complicate views on the Federal Reserve’s monetary policy trajectory. Tuesday’s report on February consumer prices has been highly awaited for weeks. It has taken on added …

Market roiled by bank fears faces critical U.S. inflation data Read More »

(Reuters) – BuzzFeed Inc said on Monday that most of its cash and cash equivalents were held at Silicon Valley Bank, which was shut down last week. The digital media firm said it had about $56 million in cash and cash equivalents at the end of 2022. Startup-focused lender SVB Financial Group last week became …

BuzzFeed says most of cash and cash equivalents held at SVB Read More »

(Reuters) – Traders no longer expect a rate hike of 50 basis points by the U.S. Federal Reserve next week as the surprise collapse of lender SVB Financial Group rattles the banking sector. The current projection is for a 25 bps move, with some even expecting no hike at all. That is a quick reversal …

SVB collapse may prompt Fed to go slow on rate hikes Read More »

By Daina Beth Solomon MEXICO CITY (Reuters) -U.S. automaker General Motors has agreed to hike salaries by 10% this year at its largest Mexico factory, the local union said on Monday, making for one of the biggest recent raises in the sector in Mexico. The increase, at GM’s pickup truck plant in the central city …

GM and union reach deal for 10% pay hike at Mexico pickups plant Read More »

(Reuters) -U.S. Federal Home Loan Banks beefed up their lending warchests on Monday to provide more liquidity to banks amid continued higher-than-usual demand for funds as the fallout from the collapses of Silicon Valley Bank and Signature Bank reverberates through medium- and smaller-size financial institutions. The FHL Bank system raised $88.73 billion by selling short-term …

U.S. Federal Home Loan Banks stock up on cash amid ‘heightened demand’ Read More »